Coretronic Stock Five Year Return
| 5371 Stock | TWD 77.20 4.90 6.78% |
Coretronic fundamentals help investors to digest information that contributes to Coretronic's financial success or failures. It also enables traders to predict the movement of Coretronic Stock. The fundamental analysis module provides a way to measure Coretronic's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Coretronic stock.
Coretronic |
Coretronic Company Five Year Return Analysis
Coretronic's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
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According to the company disclosure, Coretronic has a Five Year Return of 0.0%. This indicator is about the same for the Technology average (which is currently at 0.0) sector and about the same as Consumer Electronics (which currently averages 0.0) industry. This indicator is about the same for all Taiwan stocks average (which is currently at 0.0).
Coretronic Five Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Coretronic's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Coretronic could also be used in its relative valuation, which is a method of valuing Coretronic by comparing valuation metrics of similar companies.Coretronic is currently under evaluation in five year return category among its peers.
Coretronic Fundamentals
| Return On Equity | 0.11 | |||
| Return On Asset | 0.0254 | |||
| Profit Margin | 0.05 % | |||
| Operating Margin | 0.04 % | |||
| Current Valuation | 22.03 B | |||
| Shares Outstanding | 390.98 M | |||
| Shares Owned By Insiders | 36.32 % | |||
| Shares Owned By Institutions | 11.23 % | |||
| Price To Earning | 10.19 X | |||
| Price To Book | 0.97 X | |||
| Price To Sales | 0.40 X | |||
| Revenue | 49.83 B | |||
| Gross Profit | 8.73 B | |||
| EBITDA | 4.38 B | |||
| Net Income | 2.03 B | |||
| Cash And Equivalents | 18.56 B | |||
| Cash Per Share | 42.80 X | |||
| Total Debt | 1.83 B | |||
| Debt To Equity | 37.80 % | |||
| Current Ratio | 1.68 X | |||
| Book Value Per Share | 57.63 X | |||
| Cash Flow From Operations | (2.14 B) | |||
| Earnings Per Share | 6.34 X | |||
| Target Price | 62.5 | |||
| Number Of Employees | 45 | |||
| Beta | 1.03 | |||
| Market Capitalization | 23.54 B | |||
| Total Asset | 61.47 B | |||
| Z Score | 7.2 | |||
| Annual Yield | 0.07 % | |||
| Net Asset | 61.47 B | |||
| Last Dividend Paid | 4.0 |
About Coretronic Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Coretronic's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Coretronic using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Coretronic based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Coretronic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Coretronic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Coretronic will appreciate offsetting losses from the drop in the long position's value.Moving together with Coretronic Stock
| 0.61 | 6412 | Chicony Power Technology | PairCorr |
| 0.79 | 2439 | Merry Electronics | PairCorr |
| 0.7 | 1614 | Taiwan Sanyo Electric | PairCorr |
Moving against Coretronic Stock
| 0.54 | 1235 | Shin Tai Industry Split | PairCorr |
| 0.47 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.45 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.36 | 0053 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Coretronic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coretronic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Coretronic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Coretronic to buy it.
The correlation of Coretronic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coretronic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coretronic moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Coretronic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Coretronic Stock Analysis
When running Coretronic's price analysis, check to measure Coretronic's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coretronic is operating at the current time. Most of Coretronic's value examination focuses on studying past and present price action to predict the probability of Coretronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coretronic's price. Additionally, you may evaluate how the addition of Coretronic to your portfolios can decrease your overall portfolio volatility.